Chapter 1 COMPENSATION & BENEFITS Books for reference • George T Milkovich‚ Jerry M Newman‚ C S Venkataratnam. Compensaton‚ Tata McGraw - Hill Educaton‚ 9th editon‚ 2009 • Dewakar Goel. Performance Appraisal And Compensaton Management: A Modern Approach‚ PHI‚ 2nd editon‚ 2012 • Compensaton & reward management by B.D singh. Module coverage • Module 1: Compensaton – an overview ( 5 hours) • Objectve of compensaton - External influences
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Introduction Competitive wage and benefits packages can be an important attraction to recruits‚ new hires and even current employees of any organization. From the time a person begins their hunt for a new career or job position they think of the wage they need in order to fulfill their daily obligations and how the benefits a company may offer can help balance their lives outside and inside the organization. There are so many differing lifestyles and family types that organizations need to be open
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Who benefits from a tariff or quota? TARIFFS Benefits 1. Local government through increased revenues. 2. Domestic business due to the fact that it would allow them to lower the cost of their products compared to their foreign counterparts. Loses 1. Government-Not setting quotas would make it difficult for the government to control the number of imports coming in. 2. Foreign business whose products would need to be sold at a higher cost due to the tariffs compared to domestic
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Encounters with Mark Rothko’s ’Light red over black’ (1957) Mark Rothko‚ ’Light red over black’ 1957. In this essay I will explore ’Light red over black’ (1957) by Mark Rothko. Although apparently simple‚ infact shows a wonderfully complex process of thought and throughout this essay I will interpret and get a better understanding of Rothko’s intention and meaning. Filled with shades of red‚ the upper part of the painting comes to create a strong opposition with the black area below it
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Employees Benefit Maribel Ochoa Ms. Swift Heald College January 10‚ 2013 Bernie Marcus‚ Arthur Blank‚ Ron Brill‚ and Pat Farrah. The Home Depot’s proposition was to build home-improvement warehouses‚ larger than any of their competitors’ facilities. Investment banker Ken Langone helped Marcus and Blank to secure their necessary capitol. In 2007 the Home Depot sold its $13 billion revenue wholesale division‚ HD Supply‚ to a consortium of three private equity firms‚ The Carlyle Group‚ Bain
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Benefits of Blocs In general‚ the benefits of establishing trading blocs are to remove trade and investment barriers within trade blocs. It will also increase interdependency of neighboring countries on one another; encouraging trade within two countries or more. COMESA‚ which abbreviates Common Market for Eastern and Southern Africa‚ offers very extensive benefits and advantages for its member States as well as the business community. Because of its focus on full private sector participation in
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Unit 2 Fringe Benefits Fringe benefits are benefits that don’t usually make part of your fixed component‚ but are added benefits mainly because of the position/designation you hold in the organization. Fringe benefits therefore vary from employee to employee as per their grades in the organization. Fringe benefits include benefits such as Car + Diesel Allowance‚ House decoration and renovation allowance‚ School admission for employee’s children‚ and such benefits that are mostly personal. It
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Using your text and the article‚ Family Involvement in Early Childhood Education‚ give four examples of the benefits and challenges of a Family-Centered Approach. Each of the four examples should include the child‚ the family‚ and the teacher’s perspective. Benefits: The child: One huge benefit is emotional security. Some children entering an early childhood program have separation anxiety‚ they feel stressed and overwhelmed when their parents leave them at school. If the child’s parent(s)
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Everyone remembers reading the works of Mark Twain when they were in school. Freshman year of high school you’re sitting in your English class and the teacher is reading the story of Huckleberry Finn. As you go through the story‚ you start to think‚ “Wow‚ people actually treated other humans this way?” and you realize how cruel it really is. It teaches you that discrimination is not right and everyone deserves to be equal. Now just imagine never having read that book‚ never feeling the sympathy for
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BENEFITS OF HAVING PETS 1. Decreases stress In a 2002 study at State University of New York at Buffalo‚ researchers found that when conducting a stressful task‚ people experienced less stress when their pets were with them than when a spouse‚ family member or close friend was nearby. Promises Treatment Centers‚ which specializes in addiction‚ not only recommends its patients consider getting a pet‚ but even allows pets in its rehabilitation facilities‚ according to Dr. David Sack‚ CEO of Promises
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